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2 Buckingham Terrace, Welle...

Teri Adler & Christine Lawrence Sell 1 Acre Residential Property In Wellesley, MA For $2.8M
SOLDCo-Op

Teri Adler & Christine Lawrence Sell 1 Acre Residential Property In Wellesley, MA For $2.8M

2 Buckingham Terrace, Wellesley, Massachusetts 02482, United States

$2,800,000

Building Size

Asset Type

Co-Op

Closing

Feb 27, 2022

AI

Located in Wellesley, MA, the residential property at 2 Buckingham Terrace has recently been sold for $2,800,000. Spanning an area of approximately 1 acre, this property offers ample space for relaxation and privacy. The transaction was finalized on February 28, 2022.

Summary of Transaction Details

  • Property Type: Residential
  • Transaction Amount: $2,800,000
  • Address: 2 Buckingham Terrace, Wellesley, MA
  • Market: Wellesley, MA
  • Property Size: Approximately 1 acre

Representing the buyer as their trusted agent was Christine Lawrence from Rutledge Properties. On the other side of the deal, Teri Adler acted as the seller's representative for MGS Group Real Estate LTD. Their expertise and dedication contributed to the successful completion of the transaction.

Players

Christine Lawrence

Broker

$9.1M

vol

2 deals

Broker

Wellesley Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93